IOG seeks outright ownership of North Sea Blythe gas field
Independent Oil and Gas is in talks with Alpha Petroleum Resources on acquiring the remaining 50% of a license covering blocks 48/22b and 48/23a in the UK southern North Sea.
This includes theBlythe gas discovery, which IOG aims to develop.
Following completion of financing transactions with London Oil & Gas, IOG has decided to pursue an acquisition strategy focusing on complementary near-term oil and gas developments and low risk production assets in theNorth Sea.
However, the company will also consider opportunities outside the region.
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